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Sep 30, 2023
Trade Desk Q3 2023 Earnings Report
The Trade Desk's Q3 2023 performance demonstrated revenue growth and strategic advancements.
Key Takeaways
The Trade Desk reported a strong Q3 2023, with revenue reaching $493 million, representing a 25% year-over-year increase. The company's customer retention remained above 95% for the past nine years. The company repurchased $90 million of its Class A common stock.
Revenue reached $493 million, a 25% increase year-over-year.
Customer retention exceeded 95% for the ninth consecutive year.
The Trade Desk continued to support Unified ID 2.0 with new partnerships and integrations.
The company repurchased $90 million of its Class A common stock.
Trade Desk
Trade Desk
Forward Guidance
For the fourth quarter of 2023, The Trade Desk anticipates revenue of at least $580 million and adjusted EBITDA of approximately $270 million.
Positive Outlook
- Revenue at least $580 million
- Adjusted EBITDA of approximately $270 million